Saudi Arabia Automotive Lubricants Market Size & Outlook
Saudi Arabia automotive lubricants market, 2018-2030 (US$M)
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Saudi Arabia automotive lubricants market highlights
- The Saudi Arabia automotive lubricants market generated a revenue of USD 160.0 million in 2022 and is expected to reach USD 212.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, engine oil was the largest revenue generating product in 2022.
- Brake Fluids is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive lubricants market data book summary
| Market revenue in 2022 | USD 160.0 million |
| Market revenue in 2030 | USD 212.9 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
| Key market players worldwide | Exxon Mobil Corp, BP Castrol KK, Shell PLC, Repsol SA, Sasol, Cepsa, Fuchs SE Registered Shares, LUKOIL, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Phillips 66 |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.2% of the global automotive lubricants market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Iran automotive lubricants market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 205.4 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia automotive lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 55.06% in 2022. Horizon Databook has segmented the Saudi Arabia automotive lubricants market based on greases, engine oil, gear oil, transmission fluids, brake fluids, coolants covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabia automotive is characterized by the presence of premium brands such as Toyota, Hyundai, BMW and Tesla among others. The Saudi government has also formulated numerous policies such as CAFÉ (Corporate Average Fuel Economy Standards) as well as the reduced VAT in GCC economies is further expected to boost passenger cars demand across the region.
The production of Jaguar Land Rover has also started in Saudi Arabia. Besides this, the emergence of international premium brands in the regional automotive market is also anticipated to enhance this trend over the forecast period.
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Target buyers of Saudi Arabia automotive lubricants market databook
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Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia automotive lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia automotive lubricants market size, by product, 2018-2030 (US$M)
Saudi Arabia Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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